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Politics : Welcome to Slider's Dugout -- Ignore unavailable to you. Want to Upgrade?

To: crdesign who wrote (5752)	8/1/2007 9:02:18 PM
From: bruiser98	Read Replies (2) \| Respond to of 50747

Is this the article? nytimes.com

To: crdesign who wrote (5752)	8/1/2007 9:03:01 PM
From: roguedolphin	Read Replies (1) \| Respond to of 50747

**"for the savvy investor, I think the future is so bright you'll have to wear shades..."** So how are you positioning yourself here??? Let's get down to some specifics. Rogue

To: crdesign who wrote (5752)	8/1/2007 9:03:45 PM
From: Broken_Clock	Respond to of 50747

Tim the median national sales from around 1980 till 2002 averaged about 4,000,000 homes per year. The bubble ran that # up to over 6,00,000 the past few years. Just the first 6 months of 2007 we have over 900,000 foreclosures nationwide. the rate is accelerating. Consider that for the next 3 years we will likely see 6,000,000 foreclosures added to 1 A declining total sales # 2 Already record nationwide inventory 3 Elimination of loosey goosey lending 4 Loss of millions of potential homeowners as their credit is destroyed in this downcycle I wouldn't look hard at "deals" until the dust settles. 4 years at least. fed will have to do an emergency rate cut to get mortgages down to 3 or 4 % and go with fixed rate 40-50 loans to "save" the real estate owners.